Watch for 'Call for Action' on 'blank slate' tax legislation this week

Please take note that a federal "Call for Action" will be going out to all members this week to encourage the Senate to include important housing provisions as they consider their "Blank Slate" approach to tax reform. The "blank slate" tax legislation means that as a starting point all tax expenditures, such as the mortgage interest deduction and the capital gains exemption, are removed from the tax code. Senators will have to request tax expenditures be added to the reform legislation. NAR will be taking the lead in ensuring that each of those tax provisions is defended and your response to the CFA is vital to the effort.